Duncan has been out touting the first distribution of the $1.2 billion dollars the Obama Administration set aside to fund teacher incentive programs over the next five years. He and the New Jersey politicians were happy to hear about Zuckerberg's largesse.

"I'm really proud of these guys," Duncan said.

Booker said the donation would help his ailing school system immeasurably.

"It's a victory for the kids in our city," Booker said. "The grant will shift the paradigm in Newark."

Despite scuttlebutt that Zuckerberg donated the grand sum in order to balance an unflattering portrait of him in the newly released film "The Social Network," Winfrey and Zuckerberg went to great lengths dispel the PR stunt angle.

Winfrey said Zuckerberg initially insisted on making the donation anonymously. When Winfrey asked about the timing of the donation to coincide with the film's opening, Zuckerberg laughed it off.

"It's a movie. It's fun. A lot of it is fiction," he said. "This is my life so I know it's not that dramatic."

A Westchester County native, he lives in California and is America’s second-youngest self-made billionaire with a worth of $6.9 Billion, according to Forbes.